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Dec 3, 2012
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putting us in control of our energy future, now. it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> an improving economy and superstorm sandy turn out to be a boone for the automakers. >> one automaker did not beat expectations in terms of november auto sales. the automaker who fell short of estimates was general matter, an increase of 3.4%. 2% below what the street was expecting. some important stories that came out today from the auto industry. let's start with ford. 6.5% increase. the company today raising its production in north america for the first quarter by 11% up to 750,000. the most they have produced in the first quarter since 2006. general motors may cut production of its truckline because of bloated inventory. they're at 139 day supply. you want that down around 85 day supply. bmw and mini are on track to post best u.s. sales ever. today they incre
putting us in control of our energy future, now. it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> an improving economy and superstorm sandy turn out to be a boone for the automakers. >> one automaker did not beat expectations in terms of november auto sales. the automaker who fell short of estimates was...
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Nov 30, 2012
11/12
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you look at some of the master limited partnerships that are out there, the kinder morgans, specter energy looks like a good play. we're looking at the 4% to 5% yielders, companies that have a good track record of increasing those yields. we're sticking more with consumer staples. we're definitely tilted towards that defensive end. but we're going to stay there. as long as growth is slow, that's where we feel we can get the best risk adjusted returns for our clients. >> all right. thanks for joining us. mark, good to see you. rick, have a good weekend. gordon, have a good time at the beacon tonight. we're less than an hour from the trade month. kayla rounds up november's big winners and losers. >> hey, bill. the indices may have danced along the flat line for the entire month, but there were clear winners and losers on either side of the tape. to the downside, several companies falling markedly. exelon down 17%. cliff's natural down 21%. pitney bowes down 22%. the biggest laggard is the born-again retailer jcpenney. down 26.5%. some stocks arguably had a better month. computer sciences up
you look at some of the master limited partnerships that are out there, the kinder morgans, specter energy looks like a good play. we're looking at the 4% to 5% yielders, companies that have a good track record of increasing those yields. we're sticking more with consumer staples. we're definitely tilted towards that defensive end. but we're going to stay there. as long as growth is slow, that's where we feel we can get the best risk adjusted returns for our clients. >> all right. thanks...
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Nov 29, 2012
11/12
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we also produce energy. every drop of oil we produce overseas keeps oil prices down in this country. >> yet, the oil companies as an industry constantly get bashed over taxes, over the profits that we see. in fact, in 2011, chevron was one of three oil companies that paid more in income taxes than any other corporation in america, which i find amazing. $17 billion in taxes. >> well, our income taxes in 2011 were about 43%. it's been in the same range over the last few years. we do pay our fair share. we pay taxes overseas. we pay taxes here. we pay other forms of tax as well. i think that story hasn't been told. the fiscal terms that are in place here for our industry, for example, if punitive taxes were imposed on our industry, would impact our investment. i hope that's not where we're headed. i think there is a case to be made that we pay our fair share of taxes, and i work hard to try to communicate that. >> talk to us about an energy policy. what would you like to see in the election is behind us. what s
we also produce energy. every drop of oil we produce overseas keeps oil prices down in this country. >> yet, the oil companies as an industry constantly get bashed over taxes, over the profits that we see. in fact, in 2011, chevron was one of three oil companies that paid more in income taxes than any other corporation in america, which i find amazing. $17 billion in taxes. >> well, our income taxes in 2011 were about 43%. it's been in the same range over the last few years. we do...
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Dec 6, 2012
12/12
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energy is a wild card next year. that's what we should be allocating. >> rick, if we go over the fiscal cliff, you have to believe there will be a lot of hoarding of assets, sitting on money. maybe we get more action and fixed income. >> i think what nobody is talking about, you with allude to it constantly, and i'm in your camp. the damage is done. it's evident by many of these reports. even if they come up with a 13th hour settlement, even if they come up with good reform, some of the adjustments that have already been made or have been in the process of being made have already done a lot of damage that we didn't need. we already shot ourselves in the foot on this one. in terms of housing, you know, the shadow inventory that's been tied up in litigation, we could see as many as 20 million of those come on the market in 2013. even though i agree with the guest, there's a lot of different forms of the housing market. some of them are going to be under pressure due to this avalanche of shadowed foreclosure in 2013. >>
energy is a wild card next year. that's what we should be allocating. >> rick, if we go over the fiscal cliff, you have to believe there will be a lot of hoarding of assets, sitting on money. maybe we get more action and fixed income. >> i think what nobody is talking about, you with allude to it constantly, and i'm in your camp. the damage is done. it's evident by many of these reports. even if they come up with a 13th hour settlement, even if they come up with good reform, some of...
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Dec 3, 2012
12/12
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something else makes less sense, namely that we are spending so much time and energy on the tax issue. if we are serious about cutting our deficit we must be having a frank discussion about medicare. the white house and gop have made proal posals.
something else makes less sense, namely that we are spending so much time and energy on the tax issue. if we are serious about cutting our deficit we must be having a frank discussion about medicare. the white house and gop have made proal posals.
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Dec 7, 2012
12/12
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>> well, for us, we're a supplier not only to defense but also in the commercial markets, energy, and medical. it has already caused this uncertainty, roadw uncertainty, a reduction in the amount of work we're doing, and it's prevented us from hiring in some of our plants. >> you're holding back, then. you're holding back on hiring, waiting to see how this thing plays itself out. presuming they don't go over the cliff, they come to some agreement, does that mean you would hire more workers? >> right now it's very frustrating that we don't have issues decided here. so, yes, we have plants that can be ramping up to supply in the defense industry. until we know with certainty what's going to happen with the cuts, we're not going to be hiring in those plants. >> we're going to bring in now howard dean, who i believe is joining us. thank you for joining us. i hope that you've also been listening to what dawn had to say. she's been basically saying it would hurt her company. it's already affecting her hiring decisions. it would hurt the defense industry as well. so why do you feel that goin
>> well, for us, we're a supplier not only to defense but also in the commercial markets, energy, and medical. it has already caused this uncertainty, roadw uncertainty, a reduction in the amount of work we're doing, and it's prevented us from hiring in some of our plants. >> you're holding back, then. you're holding back on hiring, waiting to see how this thing plays itself out. presuming they don't go over the cliff, they come to some agreement, does that mean you would hire more...
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for an energy rich country, it pays the same as those in japan. liz: what would be the effect if this actually happened, if we started exporting if prices started to go up? >> at the end of the day the company will be fine. let the price of gas reaches the price of oil, then the investment that are on the books, $90 billion of other people's investment will disappear. that would be a tragedy in terms of job creation for this country. i don't think we should let that happen. liz: you cannot please all the people all the time, andrew. m exporting this research help the u.s. economy and help your customers in a better position to buy more of what you make? >> i would say to you, that is not a dow chemical conversation. that is a conversation for the country. if that does not get the right structure in this country, we will go to countries where we can and we do. liz: if they got approval, would you pull that texas investment. >> we can see exports coming out of this country off to a certain amount without affecting the price. one terminal does not cr
for an energy rich country, it pays the same as those in japan. liz: what would be the effect if this actually happened, if we started exporting if prices started to go up? >> at the end of the day the company will be fine. let the price of gas reaches the price of oil, then the investment that are on the books, $90 billion of other people's investment will disappear. that would be a tragedy in terms of job creation for this country. i don't think we should let that happen. liz: you...
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and one of them is energy. we are going to probably be energy independent in the united states because of all the new technology and oil fracking and natural gas fracking. we've created 33,000 new jobs in the last few months, and also there's an enormous amount of private infrastructure that's being engineered right now for pipelines to get the new gas and oil from where it is into the pipelines -- lori: so the best integrated energy, exxonmobil? >> exxonmobil is the choice for that particular trend. lori: okay. let's move on and talk about some of the grains. i know you've got some picks in agriculture as well. >> yeah. agriculture, i mean, agriculture products are going to continue to go up. not only do we have weather problems which are going to be continuing probably, but it's the demand. especially from asia as millions of new people, it's all demographics, are moving into the middle class. they want protein, and that's the sort of products that america exports. farmers, the midwest, these people are going
and one of them is energy. we are going to probably be energy independent in the united states because of all the new technology and oil fracking and natural gas fracking. we've created 33,000 new jobs in the last few months, and also there's an enormous amount of private infrastructure that's being engineered right now for pipelines to get the new gas and oil from where it is into the pipelines -- lori: so the best integrated energy, exxonmobil? >> exxonmobil is the choice for that...
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big move for walter energy today, back to you. liz: nicole, suddenly the dow has doubled its gains, we were up about 14, 15 points, we're now up 31, 32. sandra, what are you looking at? >> i want to bring up an intraday chart, and while a 32-point gain isn't substantial, it is the highs of session, and it's very similar to what we saw in yesterday's trading session right at the end of the day. we reached -- here's a two-day chart. this is the end of the session yesterday. highs right as we were closing up at in this time yesterday. so sort of a bullish trend to see that happen. also, by the way, if you look at the same chart with the s&p, s&p cloalzed at its highs of the session yesterday. just off them now but still holding on to a gain of about three and a half points. lots of movers to look at in today's session. lu lu lemon up 3% in today -- 7% in today's session. up 54% so far this year. it just continues to crush, guys, beat earnings expectations. same-store sales up 18%, but it's pretty pricey, guys, the pe's 48 here. men's
big move for walter energy today, back to you. liz: nicole, suddenly the dow has doubled its gains, we were up about 14, 15 points, we're now up 31, 32. sandra, what are you looking at? >> i want to bring up an intraday chart, and while a 32-point gain isn't substantial, it is the highs of session, and it's very similar to what we saw in yesterday's trading session right at the end of the day. we reached -- here's a two-day chart. this is the end of the session yesterday. highs right as...
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Nov 29, 2012
11/12
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a lot of energy starts. >> nicole: we saw oil over
a lot of energy starts. >> nicole: we saw oil over
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Nov 30, 2012
11/12
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liz: the energy market isn't exactly trading sideways. you have crude oil above $88 a barrel. >> they bought crew today. i think natural is oversold. short term, short-term, i have been bearish on natural gas for quite a few months. i think this is the low we will see for another week. >> oil at a $90 level. people may have been sort of like you. is that trade over if it does indeed exist? >> i think crude oil will get up to the $90 level and then back off. so, right now, i am getting more natural gas. right here, very short-term. short-term, i am buying. liz: good to see all of you. thank you so much. have a good weekend, if you can. my next guest says exactly that. the fiscal cliff is just noise and you should all focus on the fundamentals. we have actually had a decent recovery here. joining me now is michael church. we kind of forgot about housing was all the drama going on in d.c. it looks relatively decent. >> nothing dramatic. i think the trend is very clear now. liz: do you like the homebuilders? >> no. i think they have had an in
liz: the energy market isn't exactly trading sideways. you have crude oil above $88 a barrel. >> they bought crew today. i think natural is oversold. short term, short-term, i have been bearish on natural gas for quite a few months. i think this is the low we will see for another week. >> oil at a $90 level. people may have been sort of like you. is that trade over if it does indeed exist? >> i think crude oil will get up to the $90 level and then back off. so, right now, i am...
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branching out into the energy sector, starbucks not only $450 made of steel gift cards, but talk about opening 3000 new stars, citigroup 11,000, job layoffs and bank of america had to put this one on here, guys. up 5% today. this is the best performing dow component so far this yearras we head into the final trading days of the year. bank of america doing very well coming above the $10 mark that has not been there for quite some time. look at the dow 30, only five stocks right now in the red. still looking pretty good to end the session. liz: yesterday intel was one of the better performers. today it is the worst performer of the dow jones industrial. looking at the fickle number, what about u.s. stocks against other opportunities read >. >> all of a sudden up nicely, i think they have been whacked and a goodbye right here. >> they are not transparent enough. many are swirling around, you're okay? >> never you own a monopoly, they don't like to make compromises. liz: december 14 visit 14 is a. >> they are due to get the iphone. liz: what other areas do you like with china? if people ar
branching out into the energy sector, starbucks not only $450 made of steel gift cards, but talk about opening 3000 new stars, citigroup 11,000, job layoffs and bank of america had to put this one on here, guys. up 5% today. this is the best performing dow component so far this yearras we head into the final trading days of the year. bank of america doing very well coming above the $10 mark that has not been there for quite some time. look at the dow 30, only five stocks right now in the red....